Purely anecdotal of course, but currently, covid is rampant here in Germany, at least my region. Everybody and their mom is catching it currently, I had it two weeks ago, most of my colleagues did or currently do. All were vaccinated, nobody went down for longer than 2 or 3 days with a fever, and a few more days to get up to speed again. No loss of sense of smell/taste, nobody short on breath. This is very different from any cases from my circle of acquaintances in 2021/2020, which were way more severe. Also, no more overloaded ICUs here. I guess this is why they're lifting all the restrictions here currently, despite case numbers skyrocketing.

This seems to be the norm with Omicron. If Shanghai is just Omicron too, I'd be surprised if a wave of deaths will follow.